Warrior Met Coal (NYSE:HCC) Price Target Raised to $105.00

Warrior Met Coal (NYSE:HCC) had its price objective boosted by UBS Group from $101.00 to $105.00 in a research note issued to investors on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the stock. Citigroup lifted their target price on shares of Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Jefferies Financial Group raised their price objective on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Zacks Research lowered shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Finally, B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $103.40.

Warrior Met Coal Stock Up 0.0%

Shares of NYSE HCC opened at $99.19 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.19 and a quick ratio of 2.27. The stock has a market capitalization of $5.24 billion, a PE ratio of 91.00 and a beta of 0.69. Warrior Met Coal has a one year low of $38.00 and a one year high of $105.35. The business’s fifty day moving average price is $88.60 and its 200-day moving average price is $80.50.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.18). Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The firm had revenue of $383.99 million during the quarter, compared to analysts’ expectations of $381.72 million. During the same period last year, the business posted $0.15 EPS. The company’s revenue was up 29.1% compared to the same quarter last year. On average, equities research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 23rd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, February 23rd. Warrior Met Coal’s dividend payout ratio is presently 29.36%.

Insider Buying and Selling

In other news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider directly owned 70,580 shares in the company, valued at approximately $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the transaction, the chief executive officer directly owned 294,183 shares of the company’s stock, valued at approximately $29,509,496.73. This represents a 25.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Warrior Met Coal by 25.2% in the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after purchasing an additional 825,807 shares during the period. L1 Capital Pty Ltd boosted its stake in Warrior Met Coal by 175.8% during the second quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock valued at $90,791,000 after buying an additional 1,262,736 shares during the period. Adage Capital Partners GP L.L.C. grew its position in Warrior Met Coal by 130.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after buying an additional 1,069,025 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Warrior Met Coal by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock worth $116,687,000 after buying an additional 5,077 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. increased its stake in Warrior Met Coal by 12.0% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company’s stock worth $144,355,000 after acquiring an additional 175,500 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.